AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support level at 13.91 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 14.53 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.86 |
| 2nd High | 14.83 |
| Next High | 14.53 |
| Current Price | 14.270000000 |
| Next Low | 13.91 |
| 2nd Low | 12.23 |
| 3rd Low | 12.21 |
14.53 – 13.86 – 12.67 – 13.91 – 12.23 – 12.21 — 47.953343429548 – 47.514446552243 — 27.2817515016 – 16.615580359725 – 38.331949461326 – 29.412508106016
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – – –